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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661605 times)
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September 22, 2017, 07:46:17 PM
 #6181






Great to see Roger Ver is on a mission  Smiley
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September 22, 2017, 09:13:44 PM
 #6182

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this
That you cannot tell is, telling.  Grin

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.

BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.

As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?

Until this coin stabilizes the difficulty/hash/price parameters, it will remain nonviable. The constant triggering of EDA will prevent it from being competitive with BTC.
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September 22, 2017, 11:38:21 PM
 #6183

china fud...blah blah..
eda fud..blah blah ..
fud this, fud that..blah blah
 Cheesy

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September 22, 2017, 11:44:58 PM
 #6184

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this
That you cannot tell is, telling.  Grin

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.

BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.

As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?

Until this coin stabilizes the difficulty/hash/price parameters, it will remain nonviable. The constant triggering of EDA will prevent it from being competitive with BTC.

Isnt the function of EDA to ensure Bitcoin Cash remains competitive with Bitcoin Segwit?

CHANGE—First Global Crypto Bank | ICO |Discussion
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September 22, 2017, 11:49:56 PM
 #6185

how long transaction takes,i send from 1 exchange to other,1 hour = 0 confirm.

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September 23, 2017, 12:19:40 AM
 #6186

how long transaction takes,i send from 1 exchange to other,1 hour = 0 confirm.

Same happen with me , yesterday i sent to novaexchange but i must wait so long time.

And now, on the novaexchange closed for new register , i think so ,maybe novaexchange  was attached  .i hope this exchange come back normal work .
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September 23, 2017, 12:26:59 AM
 #6187

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this
That you cannot tell is, telling.  Grin

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.

BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.

As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?

Until this coin stabilizes the difficulty/hash/price parameters, it will remain nonviable. The constant triggering of EDA will prevent it from being competitive with BTC.

Isnt the function of EDA to ensure Bitcoin Cash remains competitive with Bitcoin Segwit?

...someday others will figure it out
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September 23, 2017, 03:17:21 AM
 #6188

Bjork-It's Oh So Quiet Ofiicial Video Shh  Cheesy
https://www.youtube.com/watch?v=3Z5nmFcBGvY

 Wink Smiley Smiley Smiley
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September 23, 2017, 03:36:09 AM
 #6189

how long transaction takes,i send from 1 exchange to other,1 hour = 0 confirm.

Same happen with me , yesterday i sent to novaexchange but i must wait so long time.

And now, on the novaexchange closed for new register , i think so ,maybe novaexchange  was attached  .i hope this exchange come back normal work .

What happened with novaexchange?
Need a long time to confrm bitcoincash on novaexchange?
Maybe they have an issue. Hope it will solved soon.

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September 23, 2017, 03:43:09 AM
 #6190

china fud...blah blah..
eda fud..blah blah ..
fud this, fud that..blah blah
 Cheesy



These are good lyrics to make a song with  Cheesy
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September 23, 2017, 04:59:11 AM
 #6191

Anyone got news about bitcoin hard fork in November, confirmation, another Bitcoin???
Much appreciated
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September 23, 2017, 05:05:02 AM
 #6192

Anyone got news about bitcoin hard fork in November, confirmation, another Bitcoin???
Much appreciated

It has all the makings of a perfect shit storm. Very weak replay protection implemented on both sides. If you thought claiming your bitcoin cash was complicated, if two distinct chains are established between Core and segwit2x, it's going to be real difficult to avoid replay unless you don't move coins at all.
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September 23, 2017, 06:55:15 AM
 #6193

Anyone got news about bitcoin hard fork in November, confirmation, another Bitcoin???
Much appreciated

It has all the makings of a perfect shit storm. Very weak replay protection implemented on both sides. If you thought claiming your bitcoin cash was complicated, if two distinct chains are established between Core and segwit2x, it's going to be real difficult to avoid replay unless you don't move coins at all.

Just to add to this if you do try to split ONLY move to another wallet you have the keys for DO NOT try to make your first transaction on ANY chain to an exchange or similar
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September 23, 2017, 08:06:38 AM
 #6194

Could Amazon be making a huge announcement very soon ?

https://squawker.org/technology/breaking-amazon-will-accept-bitcoin-by-october/

If they do then that will be big
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September 23, 2017, 08:12:04 AM
 #6195

Could Amazon be making a huge announcement very soon ?

https://squawker.org/technology/breaking-amazon-will-accept-bitcoin-by-october/

If they do then that will be big
that will be amazing, it will save us the hassle of first exchanging to cash or going through third parties, i wish they break through and accept bitcoin as a payment method.
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September 23, 2017, 08:56:37 AM
 #6196

Could Amazon be making a huge announcement very soon ?

https://squawker.org/technology/breaking-amazon-will-accept-bitcoin-by-october/

If they do then that will be big
that will be amazing, it will save us the hassle of first exchanging to cash or going through third parties, i wish they break through and accept bitcoin as a payment method.

Yea I spend a fair amount at Amazon UK if they do I hope it's in all regions I generally spend in bitcoin if accepted then just replace it
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September 23, 2017, 01:16:17 PM
 #6197

https://twitter.com/rogerkver/status/911222055915229184

Quote
Bitcoin's utility plus its scarcity ultimately determines the price. If you damage bitcoin's usefulness in commerce, you damage its price.

Yes, well, dear Roger Ver, I waited more than 12 hours for confirmations. Lost money on it.

Utility you say?

I like BCH but that stuff needs to get fixed fast!

Edit: Odd, no tweets from Jihan in a long time now, https://twitter.com/JihanWu.

The thing is in commerce a side chain such as lightning is superior fast, instant (no waiting for miners or blocks) and almost if not free.

Granted it's not quite as decentralised as on chain where you have everything stored but a side chain like lightning is not designed to store your mass wealth it's just a bit of spending money like your everyday bank account and onchain is your savings account

Now you may get some that say it's not as anonymous etc but what does it matter when you are buying things your going to give the merchant your full name and address anyway for delivery.

LN behaves in a similar fashion to tor where you broadcast your transaction and it just jumps from node to node and finds its way to its destination via the cheapest route and all the nodes know is where the next hop is they do not know the sender or recipient

It's things like this that will make bitcoin far superior in commerce

Now let all the haters reply with the FUD
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September 23, 2017, 03:12:02 PM
 #6198

...Granted it's not quite as decentralised...

Yes I know but we already have regular banks for such fast transactions who are much more stable, much trustworthy and stuff don't disappear or lose value over night. Cheesy

Bitcoin was supposed to be like cash but in electronic form. Cash is not centralized.

It is not even mostly about anonymity but convenient of removing borders and making the world smaller, bringing all people closer to each other instead of middle men taking a cut out of everything.

You are missing the entire point of "original" Bitcoin and that is why the current Bitcoin is not "true" Bitcoin.

Bitcoin Cash (BCH) is the true Bitcoin. Slow as it may but it is keeping the original "cash" idea of the Bitcoin.

You start putting middle men in this thing, it is no longer Bitcoin and we already have regular banks as middle men.

Edit: Of course, it does not mean "BCH" will "win" in the end. Not always, the better man wins. Smiley

Edit 2: and I don't care what others say, I'm not one of those "bank haters" at all. I really like banks. I have everything digital in bank and all bills automated. No papers, no nothing. I don't even have to login to my bank! Many good banks out there who provide excellent service. People hate banks for debts and such but no one forced them to take the debt! Banks are safe and in Europe, we even have guarantee of our deposits if a bank fails. No such thing could be said about Bitcoins or any other of these digital "currencies"... so no, I don't hate banks, I like banks. They have oversight from governments and they are safe! That is why they are called "Banks" and not "Exchange". My two cents.

Banks are convenient but only if you trade in your own country and yes in come counties banks are not that bad and offer some protection like here in the UK but when I have to receive checks from the likes of Amazon (That's all they offer unless your in
a the US) for affiliate payments etc it's slow and expensive.

I have my payout limit set high at £10000 and just cashout on demand by lowering it because these so called banks charge me around £50 (that's about $70USD) just to cash it and then I have to wait 2-3 weeks before I can withdraw or spend it.

And also as a seller I can have anyone chargeback up to 6 months in the future and then no there is no protection it's gone

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September 23, 2017, 04:14:11 PM
 #6199

What am I reading on this thread? Geeez, Tek really likes banks, LMFAO, he's not one quote : '"of those banks haters" hahahaha unquote
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September 23, 2017, 04:19:51 PM
 #6200

What am I reading on this thread? Geeez, Tek really likes banks, LMFAO, he's not one quote : '"of those banks haters" hahahaha unquote

I don't like banks read again its fne that said that
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